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Volume 26 No. 7
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WPP Selling 25% Stake In Chime To Providence Equity Partners

WPP is selling its stake in sports marketing agency Chime to "help cut its hefty debt pile," according to Ben Woods of the LONDON TIMES. WPP is "expected to offload the 25% holding" for $63.35M to Providence Equity Partners, which "already owns 75%" of Chime. The move is the "latest step in a ...

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